Apr 6, 2021 04:16 GMTFXStreet News
S&P 500 Futures take offers around intraday low following its run-up to all-time high the previous day.
Vaccine jitters, mixed data and a lack of fresh catalysts test market bulls.
Stimulus hopes, upbeat US figures and faster covid jabbing back the risk barometer’s run-up.
Return of full markets needs cautious optimism even as US Treasury yields drop for the third day.
S&P 500 Futures snap four-day winning streak while easing from the all-time high around 4,075 to 4,061, down 0.14% intraday, during early Tuesday. The risk barometer jumped to the record top the previous day as market sentiment cheered upbeat US ISM Services PMI and increasing odds of US President Joe Biden’s $2.25 trillion infrastructure plan even as Republicans warn over the tax hikes.
US Pres Biden to call for roughly $2 trillion in job and infrastructure spending
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S&P 500 Futures snap two-day downtrend on AstraZeneca news, stimulus hopes
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Mar 11, 2021 03:31 GMTFXStreet News
S&P 500 Futures rise for the third consecutive day, on the bids near intraday top off-late.
Chatters of upcoming $2.5 trillion infrastructure plan followed the passage of $1.9 trillion stimulus to favor risks.
US-China tussle, light calendar and pre-ECB cautious mood probe the sentiment.
S&P 500 Futures stays on the front foot near the monthly high while taking bids around 3,910, up 0.40% intraday, during early Thursday. In doing so, the risk barometer recently benefited from the US House passage of President Joe Biden’s $1.9 trillion covid stimulus.
In addition to the much-awaited fiscal relief, market rumors that the US leader is ready with another liquidity boost, via infrastructure plan, also favored the mood. Furthermore, banks trying to reject the reflation fears despite the looming debt-to-GDP ratio and anticipated increase in stimulus add to the market optimism.